Turkey overflowing with $36 billion in mystery funds - Al-Monitor: The Middle Eastʼs leading independent news source since 2012

Mehmet Cetingulec

Mehmet Cetingulec

Sep 10, 2014

A demonstrator holds toilet paper made from fake U.S. dollars during a protest against Turkey's Prime Minister Tayyip Erdogan and his ruling Ak Party (AKP) government in Ankara February 27, 2014. An audio recording purporting to be of Erdogan giving his son business advice has been published on YouTube, following one earlier in the week that fuelled a corruption scandal and unnerved markets. Erdogan said a similar post on the video-sharing site YouTube on Monday, allegedly of him telling his son Bilal to di — A demonstrator holds fake US dollars in Ankara, Feb. 27, 2014. — REUTERS/Umit Bektas

Should they stay or should they go? Turkey leaves foreign investors at odds

Mehmet Cetingulec

Mehmet Cetingulec

A money changer counts Turkish lira bills at a currency exchange office in central Istanbul January 29, 2014. Turkish Finance Minister Mehmet Simsek played down the impact on growth of a sharp hike in interest rates on Wednesday, saying the economy would have suffered greater damage from a loss of faith in the central bank. The bank raised all its key interest rates in dramatic fashion at an emergency policy meeting late on Tuesday, ignoring opposition from Prime Minister Tayyip Erdogan as it battles to def

How will Turkey explain $4.3 billion in unidentified foreign currency?

Zulfikar Dogan

A man walks past a currency exchange office on May 05, 2022, in Istanbul, Turkey.

Money inflows of unknown origin headed for record in Turkey

Mustafa Sonmez

In Istanbul, reporting on economics

Trucks line up at Turkey's Habur border gate to Iraq July 6, 2014. Chaos in Iraq, where an Islamist insurgency threatens to dismember the country, has brought one of Turkey's key trade routes to a virtual halt. Turkish exports to Iraq fell 21 percent to $727 million in June, according to data from the Turkish Exporters Association (TIM), but the full extent of the drop-off in trade is only likely to be reflected in the figures over the coming months. Picture taken July 6, 2014. REUTERS/Osman Orsal (TURKEY

Despite AKP hype, foreign trade scores should worry Turks

Mehmet Cetingulec

Mehmet Cetingulec